Directors, old chap, are the right type of people. The fact they pick up multiples on the average income for a part time gig while being fully indemnified for their decisions by the shareholders is immaterial. The right type of people have keener insights and better perspectives than the other type of people (you and me). Even when things look disastrous (like takeover offers in the $80s and a share price a few years later less than half that) it would be churlish and not constructive to point such things out. It also doesn’t align with the strategic vision of the company which you, as the other type of person, can only fail to grasp. Circumstances change, opportunities arise anew and we can’t dwell on the past. These are the things the right type of people understand and that is why they are worth so much compensation and remuneration.
RHC Price at posting:
$34.52 Sentiment: None Disclosure: Not Held
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